Latest Expert Opinions

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
April 28, 2015

He likes this company. Not too long ago he was buying it close to $10. They have a fairly sizable operation in the Alberta area, and a good deal of that is energy related. As a result, he thinks that is why it has pulled back as much as it has. Over the next few years, with the infrastructure building that is going to occur, this is certainly going to be a participant. Try to buy close to $12-$12.50.

Aecon Group Inc (ARE-T)
April 28, 2015

He likes this company. Not too long ago he was buying it close to $10. They have a fairly sizable operation in the Alberta area, and a good deal of that is energy related. As a result, he thinks that is why it has pulled back as much as it has. Over the next few years, with the infrastructure building that is going to occur, this is certainly going to be a participant. Try to buy close to $12-$12.50.

Michael Sprung
President, Sprung Investment Management
Price
$13.260
Owned
Yes
COMMENT
COMMENT
April 28, 2015

“Say on pay” was rejected at the annual meeting. Would this have made a big deal of difference to the value of a company stock? The whole “Say on pay” is a pretty complicated issue. Institutional shareholders want to see more long-term incentives to be met with longer-term rewards. This bank caught everybody off guard with the extra pay packages for the leaving executives. Investors are not well served by those kinds of surprises and it does have some effect.

“Say on pay” was rejected at the annual meeting. Would this have made a big deal of difference to the value of a company stock? The whole “Say on pay” is a pretty complicated issue. Institutional shareholders want to see more long-term incentives to be met with longer-term rewards. This bank caught everybody off guard with the extra pay packages for the leaving executives. Investors are not well served by those kinds of surprises and it does have some effect.

Michael Sprung
President, Sprung Investment Management
Price
$97.620
Owned
Yes
COMMENT
COMMENT
April 28, 2015

Being overly punished for some of its past transgressions. They are now suffering from being Alberta-based. A riskier stock than some of the others in the industry. It is a much smaller company so your risk-reward parameters are a lot greater. If things start going well again, you could see this stock increased significantly. At current price levels, it is probably really good value, but it is hard to know how long it will take to see that value surface.

Being overly punished for some of its past transgressions. They are now suffering from being Alberta-based. A riskier stock than some of the others in the industry. It is a much smaller company so your risk-reward parameters are a lot greater. If things start going well again, you could see this stock increased significantly. At current price levels, it is probably really good value, but it is hard to know how long it will take to see that value surface.

Michael Sprung
President, Sprung Investment Management
Price
$5.830
Owned
Yes
HOLD
HOLD
April 28, 2015

A very well-managed company. Made some significant acquisitions in land areas that give them potential drilling targets for years to come. He expects them to live beyond the current problems in the industry with a good chance to prosper again. At this level it is a good longer term hold.

A very well-managed company. Made some significant acquisitions in land areas that give them potential drilling targets for years to come. He expects them to live beyond the current problems in the industry with a good chance to prosper again. At this level it is a good longer term hold.

Michael Sprung
President, Sprung Investment Management
Price
$31.500
Owned
Yes
BUY
BUY
April 28, 2015

Within the materials group, this is one of his favourite stocks, primarily because Constancia is coming on stream this year. Over the next couple of years, he expects to see significant cash flow being thrown out of their operations. Prefers it at $10, but wouldn’t hesitate to buy at this level.

Within the materials group, this is one of his favourite stocks, primarily because Constancia is coming on stream this year. Over the next couple of years, he expects to see significant cash flow being thrown out of their operations. Prefers it at $10, but wouldn’t hesitate to buy at this level.

Michael Sprung
President, Sprung Investment Management
Price
$11.520
Owned
Yes
COMMENT
COMMENT
April 28, 2015

Extremely well-managed company. They did a $1 billion issue in the last week and are making a significant purchase of some properties in the US. Thinks the combination of new equity and their debt has caused the stock to pull back a little. People are waiting for more details on the acquisitions they are making. He has been looking at this.

Extremely well-managed company. They did a $1 billion issue in the last week and are making a significant purchase of some properties in the US. Thinks the combination of new equity and their debt has caused the stock to pull back a little. People are waiting for more details on the acquisitions they are making. He has been looking at this.

Michael Sprung
President, Sprung Investment Management
Price
$66.760
Owned
No
DON'T BUY
DON'T BUY
April 28, 2015

Given the current price, looking out over the next few years he can see other companies in the sector that are perhaps selling at more modest multiples to the potential growth.

Imperial Oil (IMO-T)
April 28, 2015

Given the current price, looking out over the next few years he can see other companies in the sector that are perhaps selling at more modest multiples to the potential growth.

Michael Sprung
President, Sprung Investment Management
Price
$53.710
Owned
No